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Crude palm oil futures gained 1.33% to Rs 470 per 10 kg in futures trading today as traders enlarged speculative positions following rising demand in spot markets.
At the Multi Commodity Exchange, crude palm oil for delivery in February rose by Rs 6.20, or 1.33%, to Rs 470 per 10 kg in a business turnover of 53 lots.
Also, the oil for delivery in March was up by Rs 4.10, or 0.87%, to Rs 472.10 per 10 kg in 40 lots.
Analysts said speculative positions built by participants following pick-up in spot demand amid reports of lower output in Malaysia mainly led to rise in crude palm oil prices at futures trade.
